red resources, page-14

Ah Meagles, the negative sentiment has everything to do with it. The Reeds have lost the markets trust their reputations are heavily tarnished and it will take more than talk to turn that around. I know of many instos (including OS) who will never-ever invest in anything that has even a remote link to the Reeds.You simply cannot spend all that shareholders money and achieve NOTHING whilst paying yourself and your cronies obscene salaries without losing market respect.

The assets are now distressed because it will be mission impossible to raise capital to develop them and thats why the market gives no value to them.

Sad considering the opportunites that have been wasted over the past decade because of poor management.

They will have to show hard proof that Meeka is generating good cfs over a long period of time BEFORE they have any chance of changing market sentiment. Good luck and I sincerely hope they do to it around.